5881. J. F. Wild & Co. State bank (Indianapolis, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1927*
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
e3711880

Response Measures

None

Description

Articles consistently refer to the bank as the 'defunct' J. F. Wild & Co. State bank and discuss a receiver (Richard L. Lowther) and litigation following the institution's closing in 1927. No article describes a depositor run; the event is a failure/insolvency with a receiver appointed and subsequent legal actions, so classify as a suspension/closure (permanent closing with receiver).

Events (5)
1. January 1, 1927* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Institutional insolvency/closing in 1927 (described as the bank's failure/defunct status)
Newspaper Excerpt
the J. F. Wild & Co. State bank failure of 1927
Source
newspapers
2. January 23, 1928 Receivership
Newspaper Excerpt
QUIZ WILD CO. RECEIVER Lowther Questioned Regarding Affairs of Defunct Bank. Richard L. Lowther, a co-receiver of the defunct J. F. Wild & Co. State bank, testified before the Marion County grand jury today.
Source
newspapers
3. November 12, 1929 Receivership
Newspaper Excerpt
Suit attacking legality of the twenty-year lease ... was filed today in circuit court by Edgar M. Blessing, J. F. Wild Realty Company receiver. According to the complaint, the lease ... was executed in December, 1928, by Richard L. Lowther, receiver for the J. F. Wild & Co. State bank.
Source
newspapers
4. February 13, 1930 Receivership
Newspaper Excerpt
Four suits by Richard L. Lowther, receiver for the J. F. Wild & Co. State bank, to collect unpaid notes ... prior to the institution's insolvency in 1927, totaling more than $1,000, were filed today.
Source
newspapers
5. April 7, 1932 Other
Newspaper Excerpt
The supreme court today denied a petition for a rehearing in the cases ... who recently were ordered to reimburse the receiver of the defunct J. F. Wild & Co. State bank for $100,000 borrowed on notes prior to the institution's closing in 1927.
Source
newspapers

Newspaper Articles (5)
1. January 23, 1928 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, January 23, 1928

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Article Text

QUIZ WILD CO. RECEIVER Lowther Questioned Regarding Affairs of Defunct Bank. Richard L. Lowther, a co-receiver of the defunct J. F. Wild & Co. State bank, testified before the Marion County grand jury today. He and Joseph R. Williams, attorney for depositors, have been heard by the present jury. According to reports, the jury plans to complete investigation of the bank's affairs within a few weeks. The former grand jury was unable to complete the probe because of the close of its term, Dec. 31.

2. January 14, 1929 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, January 14, 1929

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Article Text

# BANK QUIZ ORDERED Grand Jury to Probe Wild Failure, Poor Farm. Specific instructions to reinvestigate the J. F. Wild & Co. State bank failure of 1927 and to probe conditions at the county poor farm were given the new grand jury today by Criminal Judge James A. Collins. The jury selection was completed when Edward C. Ossenforth, 816 Parker street, employed by a cream separator company, and Emil H. Kottkamp, 1363 Union street, electrical contractor, qualified. The court had been attempting to complete the jury for two weeks. Vance Z. May, 2025 South Meridian street, was named foreman Other jurors are Harry F. Hohlt, R. R. O., gardener; Elmore G. Shirley, Acton, farmer, and Resse A. Maxwell, 27 West Pleasant Run boulevard, partner in a scale and weight company.

3. November 12, 1929 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, November 12, 1929

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Article Text

# SUIT IS ATTACK ON BANK LEASE Wild Building Contract Is Alleged Illegal. Suit attacking legality of the twenty-year lease of the State Saving and Trust Company on the first and second floors of the J. F. Wild bank building was filed today in circuit court by Edgar M. Blessing, J. F. Wild Realty Company receiver. The action seeks to have the lease canceled. According to the complaint, the lease of the two floors of the Wild building was executed in December, 1928, by Richard L. Lowther, receiver for the J. F. Wild & Co. State bank. The Wild Realty Company is a subsidiary of the Wild bank and was the financing company in leasing of ground and construction of the Wild twelve-story building. The State Savings Company, according to the lease, was to have the use of two floors for twenty years at a sum not mentioned. The complaint alleged that Lowther as Wild bank receiver, executor of the lease, had no authority to lease a portion of the Wild building, and that Lowther has failed to pay the Wild Realty Company certain sums involved in the lease management.

4. February 13, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, February 13, 1930

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Article Text

# BANK RECEIVER SUES Lowther Seeks to Collect Unpaid Notes Held by Wild Firm. Four suits by Richard L. Lowther, receiver for the J. F. Wild & Co. State bank, to collect unpaid notes alleged to be outstanding by bank patrons prior to the institution's insolvency in 1927, totaling more than $1,000, were filed today in civil municipal courts. Defendants are Nesbit L. Searcy, Lew W. Cooper. Elizabeth C. Timberlake, Huldah Fritzbery, Lillian L. McCoy, and Rebecca and Richard Redd.

5. April 7, 1932 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, April 7, 1932

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Article Text

# Deny Bank Case Rehearing The supreme court today denied a petition for a rehearing in the cases of Robert I. Todd, Frederick Appel and Frank M. Milligan, who recently were ordered to reimburse the receiver of the defunct J. F. Wild & Co. State bank for $100,000 borrowed on notes prior to the institution's closing in 1927.